Open Access

ARTICLE

GaiaWorld: A Novel Blockchain System Based on Competitive PoS Consensus Mechanism

by Rui Song¹, Yubo Song¹, Ziming Liu², Min Tang², Kan Zhou³

1 School of Cybersecurity, Key Laboratory of Computer Network Technology of Jiangsu Province, Southeast University, Nanjing, China.
2 Gaia.World Foundation, Chengdu, China.
3 Fortiguard Research Centre, Fortinet Technology, Vancouver, Canada.

* Corresponding Author: Yubo Song. Email: .

Computers, Materials & Continua 2019, 60(3), 973-987. https://doi.org/10.32604/cmc.2019.06035

Abstract

The birth of blockchain has promoted the development of electronic currencies such as Bitcoin and Ethereum. Blockchain builds a financial system based on cryptology instead of credit, which allows parties to complete the transaction on their own without the need for credible third-party intermediaries. So far, the application scenario of blockchain is mainly confined to the peer-to-peer electronic financial system, which obviously does not fully utilize the potential of blockchain.
In this paper, we introduce GaiaWorld, a new system for decentralized application. To solve the problem of resource waste and mismatch between nodes and computing power in traditional PoW mechanism, GaiaWorld introduces a new consensus mechanism called CPoS, which can improve productivity and liquidity of blockchain system. GaiaWorld constructs a new architecture based on forging committee and forging group systems, which can establish a decentralized, free and stable internet trust system, and can be utilized in multiple application scenarios and construct efficient and reliable content delivery systems.

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Citations